China has announced tariffs of up to 25% on 128 U.S. imports worth US$3 billion, in retaliation to U.S. duties on steel and aluminium, further escalating the ongoing Sino-U.S. trade war. Tariffs on 120 mostly agricultural imports, such as fruits, nuts and wine, will be raised to 15%, and another eight items, including pork, will be subject to new tariffs of 25%, according to a Ministry of Finance statement. No technology items are included in the current list of tariffs. Last …

China Slaps Tariffs On 128 US Imports In Reply To Trump’s Steel and Aluminium Duties appeared first on China Money Network.


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